How much did IBM shares fall after the downgrade?

IBM shares fell 3.1% in premarket trading.

When was the downgrade made?

The downgrade was made on Tuesday ahead of the quarterly results.

HSBC Downgrades IBM Stock Ahead of Quarterly Results

HSBC downgraded IBM stock from Hold to Reduce ahead of quarterly results, setting a price target of $191, well below the prior close of $290. Shares fell 3.1% in premarket trading.

July 14, 2026

2 min read

Source: InvestorsHub

Key Numbers

downgrade from

Hold

downgrade to

Reduce

price target

191

previous close

290

premarket change

-3.1%

International Business Machines (NYSE:IBM) came under pressure in premarket trading on Tuesday, with shares falling 3.1% after HSBC downgraded the stock from Hold to Reduce and set a price target of $191, significantly below the previous closing price of $290.

Rating Change

Previously, HSBC had a Hold rating on IBM. The new rating is Reduce, indicating a negative outlook for the stock in the near term.

Analyst Rationale

The source did not provide details on the analyst's rationale behind the downgrade, but it is likely related to expectations of weak quarterly results or a high valuation relative to peers.

Context

The downgrade comes ahead of IBM's quarterly earnings announcement, which could further impact the stock's movement. No other analyst comments were mentioned in the source. IBM closed at $290 prior to the downgrade.

What to Make of It

The downgrade by HSBC reflects a bearish view on IBM stock in the near term, especially with earnings approaching. However, investors should consider other analysts' opinions and the company's fundamentals before making decisions.

Frequently Asked Questions

HSBC set a price target of $191 for IBM.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.